Hess Ranked Top Oil and Gas Company on 2019 Best Corporate Citizens List

05.15.2019

Hess has earned a place as the No. 1 oil and gas company on Corporate Responsibility magazine’s prestigious list of 100 Best Corporate Citizens of 2019. The annual list recognizes public companies across the U.S. for outstanding environmental, social and governance transparency and performance.

Hess is ranked No. 30 on the 2019 list, moving up 10 places from last year’s ranking. The company has been named to the list each of the last 12 years.

“We see sustainability as fundamental to our long term strategy and performance, supporting our purpose to be the world’s most trusted energy partner,” said John Hess, CEO. “We are proud to once again be recognized for the quality of our environmental, social and governance performance and disclosure.”

Hess Reports Estimated Results for the First Quarter of 2020

Hess Corporation (NYSE: HES) today reported a net loss of $2,433 million, or $8.00 per common share, in the first quarter of 2020, including impairment and other after-tax charges of $2,251 million resulting from the low price environment, compared with net income of $32 million, or $0.09 per common share, in the first quarter of 2019. On an adjusted basis, the Corporation reported a net loss of $182 million, or $0.60 per common share, in the first quarter of 2020.

CEO John Hess addressed the far-reaching impact of the oil price war on CNBC’s Fast Money on March 12, saying: “The economic problem we're facing today is a lot more than oil, and the oil price crash could be a catalyst that propels the world into an economic recession.”